MOTISONS

Motisons Jewellers Limited

Gold, diamond and precious stone jewellery manufacturer and retailer

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

motisonsjewellers.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹17.58
Market cap
2,000 Cr
Stock P/E
30.0
P/B
3.53
ROE (FY26)
12.8%
ROCE (FY26)
17.0%
Operating margin (FY26)
17.4%
Debt / equity (FY26)
0.08
OCF / EBITDA (FY26)
31.6%
OCF / EBITDA (3Y)
-21.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Motisons Jewellers makes and sells gold, diamond and other precious and semi-precious stone jewellery from Johri Bazar, Jaipur.

Company snapshot

21stBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Positives
  • ✓Debt-to-equity of 0.08x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales123 Cr117 Cr89 Cr109 Cr145 Cr119 Cr87 Cr90 Cr175 Cr137 Cr107 Cr
Operating expenses (approx.)103 Cr99 Cr78 Cr92 Cr122 Cr101 Cr74 Cr60 Cr139 Cr129 Cr91 Cr
EBITDA20 Cr18 Cr11 Cr17 Cr23 Cr17 Cr13 Cr31 Cr35 Cr8 Cr16 Cr
OPM %16.2%15.1%12.1%15.9%15.7%14.6%14.7%33.8%20.2%6.1%15.2%
Other income0.05 Cr0.32 Cr0.36 Cr0.19 Cr0.17 Cr0.02 Cr0.0015 Cr0.03 Cr0.50 Cr6 Cr0.01 Cr
Interest5 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr1 Cr1 Cr2 Cr1 Cr
Depreciation0.41 Cr0.52 Cr0.49 Cr0.50 Cr0.51 Cr0.49 Cr0.45 Cr0.42 Cr0.53 Cr0.45 Cr0.44 Cr
Profit before tax15 Cr16 Cr8 Cr15 Cr21 Cr15 Cr11 Cr29 Cr34 Cr11 Cr15 Cr
Tax %26.0%31.2%25.4%31.7%25.8%26.1%25.5%25.7%23.9%27.1%25.5%
Net profit11 Cr11 Cr6 Cr10 Cr15 Cr11 Cr8 Cr21 Cr26 Cr8 Cr11 Cr
EPS (₹)₹1.51₹1.10₹0.64₹1.06₹0.25₹0.11₹0.08₹0.22₹0.26₹0.08₹0.11

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales213 Cr314 Cr366 Cr417 Cr462 Cr490 CrSign in free for the trailing twelve months
Operating expenses (approx.)182 Cr276 Cr317 Cr353 Cr394 Cr403 CrSign in free for the trailing twelve months
EBITDA31 Cr39 Cr49 Cr63 Cr68 Cr87 CrSign in free for the trailing twelve months
OPM %14.6%12.3%13.4%15.2%14.8%17.8%Sign in free for the trailing twelve months
Other income0.02 Cr0.14 Cr0.61 Cr0.41 Cr0.74 Cr6 CrSign in free for the trailing twelve months
Interest15 Cr16 Cr18 Cr17 Cr8 Cr6 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax13 Cr20 Cr30 Cr45 Cr59 Cr85 CrSign in free for the trailing twelve months
Tax %26.0%26.2%25.8%27.7%27.3%25.1%Sign in free for the trailing twelve months
Net profit10 Cr15 Cr22 Cr32 Cr43 Cr64 CrSign in free for the trailing twelve months
EPS (₹)₹1.49₹2.27₹3.42₹4.30₹0.44₹0.65Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital65 Cr65 Cr65 Cr98 Cr98 Cr100 Cr
Reserves36 Cr50 Cr72 Cr230 Cr315 Cr399 Cr
Borrowings141 Cr152 Cr165 Cr109 Cr71 Cr38 Cr
Other liabilities33 Cr39 Cr35 Cr38 Cr24 Cr36 Cr
Total liabilities275 Cr307 Cr337 Cr475 Cr508 Cr573 Cr
Fixed assets (net)4 Cr5 Cr5 Cr7 Cr5 Cr5 Cr
CWIP1 Cr——0 Cr0.91 Cr—
Investments———0 Cr0 Cr0.09 Cr
Inventories240 Cr284 Cr320 Cr413 Cr478 Cr544 Cr
Trade receivables2 Cr2 Cr1 Cr1 Cr2 Cr1 Cr
Cash & bank6 Cr5 Cr3 Cr33 Cr7 Cr16 Cr
Other assets22 Cr10 Cr8 Cr21 Cr16 Cr6 Cr
Total assets275 Cr307 Cr337 Cr475 Cr508 Cr573 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity17 Cr6 Cr4 Cr-53 Cr-23 Cr27 Cr
Cash from investing-0.74 Cr0.70 Cr2 Cr-3 Cr0.60 Cr-2 Cr
Cash from financing-13 Cr-7 Cr-8 Cr85 Cr-4 Cr-17 Cr
Net cash flow4 Cr-0.59 Cr-3 Cr30 Cr-26 Cr9 Cr
Free cash flow (OCF − Capex)16 Cr5 Cr3 Cr-54 Cr-23 Cr26 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.7%13.5%15.8%14.1%13.9%17.0%
ROE %9.6%12.8%16.2%9.8%10.4%12.8%
Debtor days421111
Inventory days660432813232507728294330
Days payable3832251782093065
Cash conversion cycle622530593056486928004266
OCF / EBITDA %55.1%15.8%7.8%-83.0%-33.1%31.6%
OCF / EBITDA % (3 years)——22.8%-28.2%-39.5%-21.8%
Debt / equity1.401.311.200.330.170.08
Current ratio1.811.791.843.375.778.67
Net debt / EBITDA4.353.793.311.200.940.25